For its second fiscal quarter (ending June 30), Data Storage Corp (NASDAQ: DTST) has reported E.P.S. of $-0.04 compared to $0.03 a year ago. E.P.S. were $0.04 for the latest four quarters through June 30 versus $-0.46 for the same period a year ago.
Recent Price Action
Data Storage Corp (NASDAQ: DTST) stock suffered a major decline of -13.8% on 8/14/24. The shares closed at $4.11. Moreover, unusually high trading volume at 184% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.4% during the last week.
Current PriceTarget Research Rating
DTST’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Data Storage has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Data Storage has a poor Appreciation Score of 20 but a very high Power Rating of 97, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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